RISK MITIGATION
LoanSafe Risk Manager™ Identify and Target Potential Mortgage Risk Residential mortgage risk presents itself in many shapes and forms; requiring lenders, servicers and investors to remain agile and use the most advanced detection and decision solutions available—all while keeping costs low and efficiency high. LoanSafe Risk Manager™ from CoreLogic® answers the need by combining industry leading data, analytics and patented pattern recognition technology in one easy-to-implement report.
Quickly Assess Each Application for Multiple Facets of Risk ►
Income Falsification
►
Undisclosed Debt
►
Identity Fraud/Theft
►
Straw Borrowers
►
Employment Inconsistencies
►
Collateral and Market Risk
►
Owner Occupancy
►
Third Party Risk
►
Inaccurate Valuation
►
Valuation Risk/Property Flipping
Comprehensive Mortgage Risk Management Solution ►
Reduce exposure to mortgage fraud and collateral risk with one solution
►
Patented pattern-recognition fraud model built with contributed fraud outcome data
►
Reduce early payment default and repurchase requests
►
Validate appraised values and property flipping
►
Focus prevention resources on high risk applications
►
Customizable to your processes and risk threshold
►
Flexible delivery options via batch, XML, web-based platforms or LOS
Dual Risk Analysis for Systematic Detection LoanSafe Risk Manager employs a multi-layer process designed to address the dynamic nature of mortgage risk—targeting both collateral threat and fraudulent activity. LoanSafe Collateral Manager™ and LoanSafe Fraud Manager™ work in tandem within LoanSafe Risk Manager, simultaneously minimizing your collateral risk, maximizing fraud detection and helping meet your compliance requirements. LoanSafe Fraud Manager
LoanSafe Collateral Manager
►
Patented pattern-recognition fraud model built with contributed fraud outcome data for an effective approach to uncovering systemic fraud
►
Single-source for accessing listing information, comparable property data, condo/hotel database, lien release data and beyond
►
Powered by the CoreLogic consortium database—over 100 million loan applications and growing—giving you unparalleled insight into fraud characteristics
►
Leverages an industry-leading automated valuation engine and LoanPerformance™ HPI from CoreLogic
►
Delivers the ability to measure the risk of foreclosure and loss severity specifically related to mortgage collateral
►
Market analysis helps you determine the accuracy and sustainability of the property valuation provided
►
Sophisticated third-party monitoring, alerting operations to risky behavioral changes
►
Alerts paired with accurate, material data drive the loan review—generating a consistent and repeatable process
Powerful Features to Streamline Your Fraud Mitigation Efforts LoanSafe Risk Manager utilizes a patented fraud model that analyzes trends based on mortgage application data and contributed fraud outcomes, coupled with a comprehensive analysis of the subject property and surrounding market—resulting in a thorough view of mortgage risk. ►
►
►
Fraud and Collateral Risk Scores The Fraud and Collateral Risk Scores give instant transparency into the likelihood of material misrepresentation and the degree of foreclosure risk associated with the subject property. They help determine the degree of risk associated with the loan file and can help tailor the review process accordingly. Scores are developed independently from the alerts, providing you with multiple risk viewpoints. Alerts and Recommendations Fraud alerts highlight specific areas of borrower or third party inconsistency, while appraisal review alerts focus on areas of property or market concern. Each alert offers coinciding recommended actions that direct reviewers to areas of further investigation. Alerts can be customized to your review processes and risk threshold, making LoanSafe Risk Manager a unique tool that conforms to your business practices. Online, Collaborative Review, Reporting and Self-Service Configuration Portal LoanSafe Connect™ is a secure, online site that offers you the ability to review and interact with LoanSafe Risk Manager reports in real time, allowing staff to work collaboratively yet independently on loan review. The integrity of the predictive risk scores is retained even when alerts are addressed. The Reporting tool within LoanSafe Connect allows you to have on-demand access to enterprise-level data on your LoanSafe Risk Manager, LoanSafe Fraud Manager and LoanSafe Collateral Manager transactions. When utilizing the Reporting tool, you can see the most frequent alerts generated across all your loans, evaluate the risk score distribution, and benchmark yourself against the industry. The self-service section of LoanSafe Connect allows you to manage your alert configuration and upload your institutions watch list at your convenience.
REPORT INFORMATION Report Order No.
FA000001447A707EEA609F
Subject Property Address
4211 Death Valley Ct, Your City, Ca 95000
Current Address
6100 Dos Palos Ct, Your City, Ca 95000
LOAN INFORMATION
Report Date
Feb 28, 2014 1:40PM
BORROWER INFORMATION
EMPLOYMENT INFORMATION
Loan Number
7924460667
Pri-Borrower
Walker, Jack
Employer
California State Fair
Loan Purpose
PURCHASE
Pri-Borrower SSN
XXX-XX-0223
Self Employed
N
Date of Birth
05-05-19XX
Mo. Income
$5,170
Broker Code / Name 9648 / A.B.C Financial, Incorporated Occupancy
PrimaryResidence
Doc Type
FullDoc
First Time Buyer
N
Job Years
3.0
Credit Score
713
Work Phone
(555) 555-5555
Reported Appraised $232,000 Value
Home Phone
(555) 555-5555
Debt-to-Income
33.885%
Loan Amount
$208,800
Co-Borrower
Scott, Linda
LTV / CombLTV
90% / 90%
Co-Borrower SSN
XXX-XX-1845
REPORT SUMMARY: FRAUD RISK: 432
COLLATERAL RISK: 396
FRAUD RISK SCORE: 432
COLLATERAL RISK SCORE: 396
►
Borrower Risk Analysis Get a thorough analysis of the most common fraud risks associated with a borrower. ♦
Identity Detail: Validates the borrower's Social Security Number, screens for any potential liens and judgments or bankruptcies and scans for other identities.
♦
Income Detail: Analyzes the reasonableness of the borrowers reported income and conducts an Associated Business Search.
♦
Loan Application Summary: Discern if your borrower is linked to other properties which may not be disclosed in the loan application through the Mortgage Electronic Registration System (MERS®) and CoreLogic Consortium data.
♦ ►
WatchList Screening against OFAC, HUD, SAM Exclusions and more.
Third Party Screening Screen or validate broker, loan officer and other loan participant information against state and federal licensing databases, exclusionary lists, as well as your own. LoanSafe Fraud Manager will check: ♦
NMLS Registration
♦
OFAC
♦
SAM Exclusions (Formerly GSA EPLS)
♦
HUD
♦
And More!
NEARBY SALES: FULL VALUE Expand All Records Miles 0.14
Address 7138 Escalon AVE 95000
Land Use
Sale Date
Sale Value
RSFR
01/15/2014
$465,000
Full Address: 7138 Escalon AVE, Your City CA, 95000-2002 Zoning: RD 3 Year Built: 2002 Bed/Bath: 4/3 Lot Sq Ft: 14,810 (0.34 APN: 247-0240-036Assessment: $493,579 acre) 0000 School District: Legal Desc: PARCEL MAP LOT A
Rooms: 7
Living Sq Ft
$/Sq Ft
2,730
$170
Pool: N
Number of Units: 1 Negative Amortization: --
SALES HISTORY Sale/ Recording Date 01/15/14 01/22/14 0.24
Transaction
Value
1st Loan
Deed
Buyer/2nd Buyer
SALE
$465,000 (FULL)
$0
GRANT
KNOPF PERRY / KNOPF ELIZABETH L
7140 Corona WAY 95000
RSFR
07/31/2013
Full Address: 7140 Corona WAY, Your City CA, 95000-2519 Zoning: RD 5 Year Built: 1980 Bed/Bath: 4/3 APN: 247-0273-010Lot Sq Ft: 9,000 (0.21 acre) Assessment: $349,468 0000 School District: Legal Desc: Fremont WOODS LOT 10
Seller/2nd Seller SAUNDERS JIM B & JANET M / SAUNDERS JANET M
$369,000
Rooms: 8
2,888
$127
Pool: N
Number of Units: 1 Negative Amortization: --
SALES HISTORY Sale/ Recording Date 07/31/13 08/06/13
Transaction
Value
1st Loan
Deed
Buyer/2nd Buyer
Seller/2nd Seller
NONARMSP
$369,000 (FULL)
$0
GRANT
CAYMUS CAPITAL RESIDENITAL
Collins JOSEPH JR
►
Market Data and Property Location A valuation and street map visually details the subject property’s location and proximity to nearby sales. Variations in map shading provide reviewers with a visual representation of property values within the area.
►
Industry Leading Property Information Subject and nearby property characteristics, ownership and deed history, mortgage history, foreclosure information and more are combined into a single report section. Quickly pinpoint inconsistencies or unusual patterns and easily view nearby property information.
Why Corelogic is The Right Choice for Your Business Risk mitigation solutions are only as good as the data behind them—and CoreLogic solutions draw from the most current, complete and relevant property data collection available. In addition, LoanSafe Risk Manager incorporates data from the nation’s largest contributed loan-level database, including: ►
Mortgage Fraud Consortium with contributed fraud outcome data and 100 million loan applications
►
Publicly recorded data on 99 percent of U.S. properties
►
Built on the LoanSafe® market-leading proprietary risk, undisclosed debt and multi-lien platform
CoreLogic leverages this data, analytics and experience to deliver the solutions that help our clients achieve their business goals. We are ready to help you achieve your business goals. Find out more about LoanSafe Risk Manager and our other LoanSafe risk solutions today. Visit corelogic.com/riskmanager
FOR MORE INFORMATION, PLEASE CALL 866-774-3282 © 2017 CoreLogic, Inc. All rights reserved. CORELOGIC, the CoreLogic logo, LOANSAFE, LOANSAFE RISK MANAGER, LOANSAFE COLLATERAL MANAGER, LOANSAFE FRAUD MANAGER, and LOANSAFE CONNECT are trademarks of CoreLogic, Inc. and/or its subsidiaries. 1-LNSFRM-0617-02
corelogic.com
